Spirit Airlines, under the ticker $SAVE, has engaged the services of law firm Davis Polk and financial adviser Perella Weinberg to address its debt challenges following a federal judge's decision last month to block its planned merger with JetBlue Airways. This move comes as the airline is looking for ways to manage its debt maturities in 2025 and 2026. The legal and financial restructuring efforts are being taken after Spirit reported a multimillion-dollar net loss, which occurred in the wake of the failed merger attempt with JetBlue.
Spirit Airlines reported a multimillion-dollar net loss weeks after a federal judge blocked its merger with JetBlue. https://t.co/ephDZV6z5r
Spirit Airlines reported a multimillion-dollar net loss weeks after a federal judge blocked its merger with JetBlue. https://t.co/JSyobBIHV8
Spirit Airlines has tapped law firm Davis Polk and financial adviser Perella Weinberg to address its debt after last month’s ruling blocking its planned merger with JetBlue, @WSJBankruptcy scoop from @jodixu @gladstonea https://t.co/xyohFUOY7n
Spirit Airlines is working with advisers to address its debt maturities after a proposed acquisition by JetBlue Airways was blocked last month, according to people with knowledge of the matter https://t.co/bECOjni65B
$SAVE ❖ Spirit Airlines Taps Davis Polk, Perella Weinberg as Advisers, Sources Say -- WSJ ❖ Spirit in Talks With Advisers About Addressing 2025, 2026 Maturities, Sources Say -- WSJ ❖ Spirit Has Said It Is Looking for Ways to Address Maturities After JetBlue Merger Fell…